Pmegp sign board of the unit

Features • Bank finance: • The maximum cost of the project/unit admissible under manufacturing sector is Rs. 25 lakhs • The maximum cost of the project/unit admissible under business/service sector is Rs. 10 lakhs. • Interest Rate: Normal rate of interest applicable based on EBLR (EBLR + 3.25%) p.a. Present effective rate = 7.55%+3.25% = 10.80% (w.e.f 15.06.2022). PMEGP portal : Eligibility Criteria • 1. Any individual, above 18 years of age. • 2. There will be no income ceiling for assistance for setting up projects under PMEGP • 3. For setting up of project costing above Rs. 10 lakh in the manufacturing sector and above Rs. 5 lakh in the Business/ Service sector, the beneficiaries should possess at least VIII standard pass educational qualification. • 4. Assistance under the scheme is available only for new projects sanctioned specially under the PMEGP. • 5. Existing units (under PMRY, REGP or any other scheme of Government of India or State Government) and the units that have already availed Government Subsidy under any other scheme of Government of India or State Government are not eligible. • 6. Projects without Capital expenditure are not eligible for Financing under the scheme. • 7. Cost of the land should not be included in the Project cost. Cost of the ready built as well as long lease or rental Work-shed/Workshop can be included in the project cost subject to restricting such cost of ready built as well as long lease or rental work shed/workshop to be included in...

Provides financial assistance to set up new enterprises PMEGP is a central sector scheme being administered by the Ministry of Micro, Small and Medium Enterprises (MoMSME). The scheme is implemented by Khadi and Village Industries Commission (KVIC) functioning as the nodal agency at the national level. At the state level, the scheme is implemented through State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), District Industries Centres (DICs) and banks. In such cases KVIC routes government subsidy through designated banks for eventual disbursal to the beneficiaries / entrepreneurs directly into their bank accounts Beneficiary category under PMEGP(setting up of new units) Beneficiary’s own contribution Subsidy Rate ( of project cost ) Area ( location of the project ) Urban Rural General Category 10% 15% 25% Special category (SC/ST/OBC/Minorities/Women/Ex-servicemen/physically handicapped/NER/Hill & Border areas ) 05% 25% 35% For 2nd loan for upgradation of existing PMEGP/MUDRA units Categories of beneficiaries under PMEGP ( for upgradation of existing units ) Beneficiary’s own contribution ( of the project cost ) Rate of subsidy ( of the project cost ) All 10% 15% ( 20% in NER and Hill States ) The balance amount of the total project cost will be provided by the banks in the form of term loan and working capital. Eligibility • Any individual, above 18 years of age • At least VIII standard pass for projects costing above Rs.10 lakh in the manufacturing ...

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